Friday, September 26, 2014

NQ 30 minute Breakout

E-Mini/EFT: NQ 5 minute chart

Long or Short: Long

Entry Point: 4019.50

Stop: 4015

Exit Goal: 4024.50

Exit Goal 2 (optional): 4029.50

Result: w

Notes: Looking for a snap back after yesterdays sell off, had tight consolidation over previous days trend line, hit target 1 and roll over. 



* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE